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FOX News
Feb 11, 2013 1:00pm PST
maxx hd by motorola. >> first the sandy hit, and now the tax man hit. the new york city officials hiking the property values for some homes actually hit by sandy, some by ten office thousands of dollars. that means higher taxes. home owners getting hit with the higher bills calling it heartless. dan has some other names. how did his happen? >> a convoluted and arcane system in new york city. they allow a cap of 6% per year of increases, but they bank the rest of it. so even in years when there are decreases, unless you caught up to what they consider market value, they're still allowed to tack it on and they did, despite the fact that almost every elected official says this is not the year to do these assessment increases. in fact there's a bill which would prevent this sort of tax hike on property -- >> these are done every year. >> absolutely. every year, without fail. >> so people would have come to the conclusion last fall there was a bad hurricane and maybe this would not be the year to do that. >> maybe october, of this year they would have figured out -- >> they knew the en
Search Results 0 to 1 of about 2 (some duplicates have been removed)